QuestionWhat is $n$ for the following compounding periods? (a) quarterly $n=4 \quad \text { Nice! }$ $\begin{array}{l} \text { (b) semiannually } \\ n=2 \end{array}$ $\square$ Nice work! $\begin{array}{l} \text { (c) monthly } \\ n=12 \end{array}$ (d) daily $n=\square$ $\qquad$ Learn It: Calculate a Future Value Us

Studdy Solution
Determine the number of compounding periods per year for each frequency: (a) Quarterly: $n = 4$ (b) Semiannually: $n = 2$ (c) Monthly: $n = 12$ (d) Daily: Assume 365 days in a year, so $n = 365$
The number of compounding periods for daily compounding is:
$n = 365$

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